>>> Up
*PBF Energy Raised to Neutral at Goldman
*Unilever Raised to Buy at Banco Sabadell, PT EU52
*Zurich Ins. Raised to Buy at Berenberg
>>> Down
*Aeroports de Paris Cut to Underweight at Barclays, PT EU95
*Draegerwerk Cut to Reduce at HSBC, PT EU75
*EDP RENOVAVEIS CUT TO NEUTRAL FROM BUY AT BPI
*Eni Cut to Underweight at Morgan Stanley
*Imperial Oil Cut to Sell at Goldman
*JCDecaux Cut to Neutral at JPMorgan, PT EU31.20
*Leifheit Cut to Hold at Bankhaus Lampe
*Petrofac Cut to Underperform at Bernstein, PT 900p
*SHW Cut to Hold at Bankhaus Lampe, PT EU35
>>> Initiation
*Amec New Market Perform at Bernstein, PT 550p
*BowLeven Reinstated Underweight at Barclays, PT 34p
*CaixaBank Reinstated Buy at Deutsche Bank, PT EU4.75
*Deutsche Boerse New Sell at Nord/LB, PT EU75
*Disney New Neutral at Rosenblatt, PT $120
*Fondia New Sell at Inderes, PT EU9
*Gabriel Holding New Buy at ABG Sundal, PT DKK680
*Generali New Underperform at Macquarie, PT EU12.30
*Hunting New Outperform at Bernstein, PT 750p
*MJ Gleeson New Buy at Berenberg, PT 740p
*Motif Bio New Buy at Finncap, PT 125p
*Nanogate New Buy at Berenberg, PT EU58
*Safran New Buy at Banco Sabadell, PT EU80
*Simcorp New Neutral at Goldman, PT DKK450
*Stolt-Nielsen New Buy at ABG Sundal, PT NOK165
*Wood Group New Outperform at Bernstein, PT 1,000p
>>> Call
>> Country
*CONTINENTAL EUROPE EQUITIES RAISED TO OVERWEIGHT AT CITI
*UK EQUITIES CUT TO NEUTRAL AT CITI
>> Sector
*CONSUMER DISCRETIONARY CUT TO UNDERWEIGHT AT CITI
*INDUSTRIALS RAISED TO NEUTRAL AT CITI